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Egypt to be 22nd largest economy in 2028: CEBR

Given political stability, Egypt will crack the world’s top 30 by 2023, overtaking Colombia and Austria at rank 28.
<html><body><p>Today, the Egyptian economy occupies the 44th position worldwide, mainly held back political instability, according to the Centre for Economics and Business Research’s (CEBR) World Economic League Table 2013. </p><br>
<p>By 2028, it will have outperformed Switzerland, Hong Kong SAR, Nigeria, Sweden, Iraq, Philippines, Argentina and the Netherlands. Egypt’s GDP will have reached $1,069 billion.</p><br>
<p>The CEBR is a forecast service which provides economic forecasting and analysis to private firms and public organizations.</p><br>
<p>In its World Economic League Table of 2013, the CEBR depends on certain developments on which it bases its predictions: The emerging market currency sell off in mid-2013, the revised views about the future of commodity prices, and substantially revised views about the future of energy prices. The elements the report works with are a real GDP growth forecast, an inflation forecast and a currency forecast. </p><br>
<p>While in 2013, the United States and China top the world’s economies, the status quo will remain standing up until 2023. With a GDP of $33,513 billion, China will overtake the United States in 2028, with India coming in third and Japan occupying the fourth rank, according to CEBR.</p><br>
<center><br><div><b>World Economic League Table 2028 - GDP in billion US$</b></div><div class="image"><img src="https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-prn2/t1/1558506_571206719616119_1347598537_n.jpg" style="padding-bottom:0.5em;" alt="cebr">
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